Egypt passes draft sukuk law

Published May 1st, 2013 - 08:07 GMT
Egypt's Shura council passed a draft law on Islamic bonds
Egypt's Shura council passed a draft law on Islamic bonds

Egypt's Shura Council (upper house of parliament) on Tuesday approved the Islamic bonds (Sukuk) draft law, reported a television channel.

The council took into consideration notes from a panel of senior Muslim clerics of Al-Azhar on the law, according to the "voice of the people" channel that broadcasts sessions of the parliament.

The law was unanimously approved.